Donald Trump’s quest to reform the United States economy by implementing tariffs is moving quickly. The U.S. President had barely been back in the White House for a week when he started taking steps toward levying tariffs against Canada,

The world’s two largest economies did not cut a deal to avert sweeping U.S. tariffs, which came into effect after midnight. Beijing immediately retaliated.

China is the world's top energy importer but its purchases from the United States are relatively modest, blunting the impact of Beijing's move on Tuesday to slap retaliatory tariffs on imports of U.S.